• EUR/AUD eased towards 1.6568 level on Tuesday as investors looked ahead to key economic data.
• German states, France and Spain, will release inflation data on Thursday ahead of the euro area's figures due on Friday.
• At GMT 19:52, the pair was trading down 0.12 percent at 1.6568 after reaching daily high at 1.6638.
• Technical signals show RSI is at 56 bullish , daily momentum studies 9, 10 and 11 DMAs are trending upwards.
• Immediate resistance is located at 1.6607 (Higher BB), any close above will push the pair towards 1.6629 (23.6% fib).
• Immediate support is seen at 1.6539 (38.2% fib) and break below could take the pair towards 1.6452 (50%fib ).
Recommendation: Good to buy on dips around 1.6560, with stop loss of 1.6450 and target price of 1.6650
